VS 
Kraken vs OKX (2026)
Compared on verified data — same methodology, same fact database, every pair.
Ad disclosure: both 'Visit' buttons are affiliate links*. It never affects scores or rankings. How we make money
Choose Kraken if…
- → you want a wider coin range (420+ vs 300+)
- → you just want our higher-scored pick (8.4 vs 8.0)
Choose OKX if…
- → you'll use market orders — 0.08% beats 0.25%
- → a clean incident record matters to you
Side by side
| Our score | 8.4/10 better | 8.0/10 |
|---|---|---|
| Maker / taker fee | 0.25% / 0.4% | 0.08% / 0.1% better |
| Instant-buy fee | — | 0.7% |
| Coins listed | 420+ better | 300+ |
| AUD withdrawal fee | Free | Free |
| AUD deposit methods | PayID · Osko · Card | Bank transfer · Card |
| Demo mode | ✕ No | ✕ No |
| SMSF support | ✕ No | ✕ No |
| Australian-based | No | No |
| Full AFSL | Transitional | Transitional |
| Incidents on record | ⚠ 1 | ✓ None better |
| Best for | active traders | low pro fees |
Kraken leads 2 rows, OKX leads 2 — what matters is which rows matter to you. Try any other matchup in the comparison tool · sources: Kraken review, OKX review
What a A$1,000 buy costs on each
Headline fees only — we don't yet hold a verified spread estimate for either platform. The spread is real money on an instant buy, so both cost more than the figures below; the fee is the part we can compare like for like.
Kraken - Instant buy
- not verified
- Market order
- A$2.50
OKX - Instant buy
- A$7.00
- Market order
- A$0.80
Using market orders it's A$1.70. Fees are per trade, so multiply by how often you buy.
What you can actually buy on each
Counted against the 152 coins we track, and re-checked against each platform's own public asset list every day — not the headline number on their marketing pages.
| Coins we track that it lists | 129 | 108 |
|---|---|---|
| Priced directly in AUD | 12 | 7 |
| On this one only | 28 | 7 |
101 of the coins we track are on both. Only on Kraken: Monero, Ethena USDe, Dai, Quant, USDD and 23 more. Only on OKX: LEO Token, Gram (prev. Toncoin), Kite, Kaia, IOTA and 2 more.
What is on each one's record
Hacks, penalties, licence changes and ownership changes we hold a source for. An empty record means we have not recorded an event, not that nothing has ever happened.
Kraken - ⚖️ penalty 12 Dec 2024 ASIC: Kraken operator Bit Trade to pay A$8M over margin product · source
OKX ✓ No incidents on record.
FAQ
Which is better, Kraken or OKX?
It depends what you optimise for: Kraken wins when you want a wider coin range (420+ vs 300+); OKX wins when you'll use market orders — 0.08% beats 0.25%. Both are AUSTRAC-registered.
Can I use both Kraken and OKX?
Yes — many Australians keep accounts on two exchanges: one for cheap market orders, one for range or features. There is no cost to holding both accounts.
Are these comparisons affected by commissions?
No. Both Visit buttons are affiliate links, but every number on this page renders from our verified fact database and the comparison logic is identical for every pair we publish.
General information only, not financial advice. Verify current fees before trading. Facts on this page last verified 2026-07-22.